Chief Financial Officer

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The Chief Financial Officer is responsible for serving as the Bank’s lead financial executive overseeing and representing the Bank’s Accounting Department and all financial and accounting operations of the Bank. The position is responsible for adhering to all related generally accepted accounting principles (GAAP), tax and regulatory laws, rules and regulations to adequately and accurately reflect the financial position of the Bank, and liaison with internal and external auditors and examiners.

Responsibilities

• Serves as the Bank’s lead financial executive overseeing and representing the Bank’s Accounting Department and all financial and accounting operations of the Bank.
• Develops sound, progressive and effective programs in the areas of funding, investments, cash management, forecasting, budgeting, and similar activities within guidelines established by the Bank and the Board of Directors; provides supervision and support to all assigned areas of department operations where service or assistance is needed; and oversees activities of department support personnel and opens and closes department.
• Participates and assists the Bank in formulating and meeting its overall strategic business plans and goals, including the Bank’s annual operating budget, capital plan and budget, and interest rate risk (IRR) strategy; at the direction of the President and CEO coordinates the preparation and execution of the Bank’s strategic business plan.
• Serves as a member of the Bank’s Asset / Liability Committee (ALCO), and coordinates the Bank’s asset / liability management programs to facilitate the assessment and control of interest rate risk and ensures compliance with Bank financial objectives.
• Conducts financial and management reporting processes; prepares forecasting and budgeting plans, and conducts regular and ad-hoc financial reporting as required by the Board of Directors, President and CEO, shareholders, and other members of Senior Management, including, but not limited to, production reporting, financial analysis at the product and cost center level, and expense control.
• Develops, implements, and monitors accounting policies, procedures, practices and internal controls; establishes and maintains accounting and fiscal controls and the preparation and interpretation of internal and external financial reports; conducts business line and product profitability analysis.
• Oversees the preparation of all regulatory filings including quarterly Call Reports, tax filings, in addition to other reports that may be requested by various regulatory agencies.
• Participates in the evaluation of potential merger and acquisition (M&A) candidates and coordinates the preparation of M&A financial projections.
• Manages the application of funds transfer pricing to assets and liabilities and risk-adjusted return on capital calculations in connection with the evaluation of commercial loan opportunities.
• Supervises various accounting functions, including but not limited to, general ledger, accounts payable and receivable, payroll and benefits administration, maintenance and storage of proper financial records, and computation of Federal Reserve Bank reserves (when applicable).
• Studies long-range economic trends and projects company prospects for future growth in overall sales and market share, opportunities for acquisitions or expansion into new product areas; and estimates requirements for capital, land, buildings, and an increase in the workforce.
• Assures audit compliance and procedure quality control are maintained for the department and Bank; reviews, recommends and initiates corrective actions; oversees certification and audit activities for all branches and departments; and ensures department is in compliance with established Bank policies, procedures and state and federal regulations.
• Reviews and approves invoices and checks prior to signature to ensure security of Bank funds.
• Maintains advanced knowledge and awareness of financial industry status and trends.

Qualifications

Seniority Level

Executive

Employment Type

Full-time

Job Function

Industries

Banking

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